1801 Lavaca ST # 8L, Austin TX 78701

Based on 7 closed sales in CAMBRIDGE CONDO, the data points to a value around $614,803 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $436,000 to $446,000. This home's position in the current CAMBRIDGE CONDO market: the 2nd most expensive of 7 comparable homes on the market among comparable properties. Being built in 1964 (6 years newer than comps) is factored into the value estimate. Lot size matters here: 0.01 acres versus 0.06 for the typical comp. Current inventory shows 7 comparable homes in CAMBRIDGE CONDO; a buyer's market based on recent absorption. Market data shows 78701 prices fallen 23.9% over the last half year. The closest comparable sale, 1801 Lavaca ST # 5E, Austin TX 78701 at an adjusted $612,770, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in CAMBRIDGE CONDO. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group